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A Alex Pietrangelo buyout spans 10 years, has a cost of $15,066,667 and savings of $7,533,333. Pietrangelo is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $22,600,000 in salary remaining, the cost is $15,066,667, and the savings are $7,533,333. Buyouts span twice the length of the remaining years and because there are 5 years remaining in the contract, the buyout length is 10 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.
| BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
|---|---|---|---|---|---|---|---|---|---|
| Jun. 15, 2022 | $22,600,000 | $29,000,000 | 5 | 10 | 32 | 2/3 | $15,066,667 | $7,533,333 | $1,506,667 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( VGK) |
| 2022-23 | $1,000,000 | $8,800,000 | $7,000,000 | $1,506,667 | $8,506,667 | -$506,667 | $9,306,667 |
| 2023-24 | $4,300,000 | $8,800,000 | $8,000,000 | $1,506,667 | $9,506,667 | $2,793,333 | $6,006,667 |
| 2024-25 | $4,500,000 | $8,800,000 | $8,000,000 | $1,506,667 | $9,506,667 | $2,993,333 | $5,806,667 |
| 2025-26 | $4,000,000 | $8,800,000 | $6,000,000 | $1,506,667 | $7,506,667 | $2,493,333 | $6,306,667 |
| 2026-27 | $8,800,000 | $8,800,000 | $0 | $1,506,667 | $1,506,667 | $7,293,333 | $1,506,667 |
| 2027-28 | $0 | $0 | $0 | $1,506,667 | $1,506,667 | -$1,506,667 | $1,506,667 |
| 2028-29 | $0 | $0 | $0 | $1,506,667 | $1,506,667 | -$1,506,667 | $1,506,667 |
| 2029-30 | $0 | $0 | $0 | $1,506,667 | $1,506,667 | -$1,506,667 | $1,506,667 |
| 2030-31 | $0 | $0 | $0 | $1,506,667 | $1,506,667 | -$1,506,667 | $1,506,667 |
| 2031-32 | $0 | $0 | $0 | $1,506,667 | $1,506,667 | -$1,506,667 | $1,506,667 |
| TOTAL | $22,600,000 | $44,000,000 | $29,000,000 | $15,066,667 | $44,066,667 | $7,533,333 | $36,466,670 |
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